Labor & Economic News Blog

Tuesday, May 01, 2007

World Business Briefing: Japan Wages Fell in March

World Business Briefing: Japan Wages Fell in March
Wages in Japan fell for a fourth month in March, signaling that growth in consumer spending will be limited. Monthly wages, including overtime and bonuses, fell 0.4 percent after dropping 1 percent in February, the labor ministry said. In China, manufacturing activity expanded at the fastest pace in more than two years in April, according to a survey of purchasing managers. The Purchasing Managers’ Index rose to 58.6 from 56.1 in March, the statistics bureau said. That is the highest since the index started in January 2005.

 



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